Our blog highlights Canadian Business Financing solutions via receivable finance , equipment finance, working capital financing, asset based lending, business acquisition financing,franchise finance, and tax credit monetization via SRED and Film Tax Credits. Our goal is to educate and assist Canadian businesses with their financing needs. You Are Looking For Canadian Business Financing! Welcome to 7 Park Avenue Financial Call Now ! - Direct Line - 416 319 5769
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In 2004 I founded 7 PARK AVENUE FINANCIAL. At that time I had spent all my working life, at that time - Over 30 years in Commercial credit and lending and Canadian business financing. I believe the commercial lending landscape has drastically changed in Canada. I believe a void exists for business owners and finance managers for companies, large and small who want service, creativity, and alternatives.
Every day we strive to consistently deliver business financing that you feel meets the needs of your business. If you believe as we do that financing solutions and alternatives exist for your firm we want to talk to you. Our purpose is simple: we want to deliver the best business finance solutions for your company.
Sunday, January 4, 2015
Confidential Receivables Invoice Finance Factoring Funding
A Realistic Receivable Financing Fix : No Scotch Tape Required
OVERVIEW – Information on confidential receivables invoice finance factoring in Canada . Why is this method of cash flow funding the ‘f ix ‘ your company is looking for
Confidential receivables invoice finance factoring and funding is one of the new ' hidden weapons ‘for a dependable sources of financing in Canada - specifically for working capital. This type of facility mirrors most closely a bank credit line - no scotch tape required! It's a real fix for a cash flow solution. Let's dig in.
Is there one key requirement for this type of business credit line? Yes there is... its ' SALES'!
A/R Finance is really what we could call a ' sub set ' of asset based lending. It can be achieved on its own, or, if your business merits it, can also include inventory and equipment under the same facility. But that's a discussion for another day -we're focusing on Receivables funding specifically.
Invoice financing might seem confusing to many business owners and financial managers - but in reality it’s really how the paperwork is handled - that's all. The concept is simple - instead of ' borrowing' against your A/R (as in a true Canadian chartered bank facility) the factoring paperwork designates that you're selling your receivables and receiving cash flow them. That's really the main difference, or ' optics’ behind this type of borrowing.
How then does ' confidential ' invoice financing work relative to the traditional factoring offered by most mainstream commercial finance firms? Here again it’s ' optics ' - as the main benefit of confidential receivables finance is that it's... you guessed it... CONFIDENTIAL! The bottom line on that one - your company bills and collects it's own client accounts owing - while at the same time achieving the benefit of instant cash flow on those sales . Naturally how much you want to finance or draw down on at any time is your option - you are only paying for what you borrow.
Many firms might not really care that a traditional mainstream invoice finance firm will insist on notifying your clients that they are financing your accounts. If the business owner/ financial manager are not concerned by this type of ' notification' to clients they can also benefit that the factoring firm being very closely involved in credit approvals and credit lines for specific clients.
The bottom line is that Confidential Receivables Invoice Finance Factoring and Funding works best for firms that want to ensure they are perceived by their clients and suppliers as self financing. Our own experience is that if your client base is government or larger well known accounts the owner/manager is very concerned about the perceptions around their firm’s financial stability.
Oh by the way, there's no real extra cost for Non notification financing - which is another benefit to choosing this method of cash flow financing. If you're looking for a permanent fix - i.e. no scotch tape required! in A/R finance seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
Stan Prokop - 7 Park Avenue Financial :
http://www.7parkavenuefinancial.com
Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact :
7 PARK AVENUE FINANCIAL = CANADIAN A/R FINANCING EXPERTISE
Have A Question /Comment On Our Blog Or Canadian Business Financing Alternatives ?
CONTACT:7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Direct Line = 416 319 5769
Office = 905 829 2653
Email = sprokop@7parkavenuefinancial.com
' Canadian Business Financing With The Intelligent Use Of Experience '
Stan Prokop
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